StoneRidge PMG Advisors LLC Makes New Investment in Builders FirstSource, Inc. $BLDR

StoneRidge PMG Advisors LLC purchased a new position in shares of Builders FirstSource, Inc. (NYSE:BLDR) during the third quarter, HoldingsChannel reports. The institutional investor purchased 11,136 shares of the company’s stock, valued at approximately $635,000.

Other hedge funds have also made changes to their positions in the company. Clark Wealth Partners purchased a new stake in shares of Builders FirstSource in the third quarter valued at $27,000. PFS Partners LLC purchased a new position in Builders FirstSource during the third quarter worth about $28,000. Sunbelt Securities Inc. lifted its position in Builders FirstSource by 508.5% during the first quarter. Sunbelt Securities Inc. now owns 359 shares of the company’s stock worth $30,000 after buying an additional 300 shares during the period. Sunrise Financial Services LLC purchased a new position in Builders FirstSource during the third quarter worth about $32,000. Finally, Barrett & Company Inc. acquired a new stake in Builders FirstSource in the 3rd quarter worth about $33,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Loop Capital cut Builders FirstSource from a “buy” rating to a “hold” rating and set a $62.00 price target for the company. in a report on Monday, October 26th. KeyCorp cut their price objective on shares of Builders FirstSource from $91.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. UBS Group cut their price objective on shares of Builders FirstSource from $88.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Zacks Research raised shares of Builders FirstSource from a “strong sell” rating to a “hold” rating in a research report on Friday, October 2nd. Finally, Citizens Jmp initiated coverage on shares of Builders FirstSource in a report on Friday, August 21st. They issued a “market perform” rating for the company. Seven equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $75.55.

Builders FirstSource Trading Down 0.2%

BLDR stock opened at $62.42 on Monday. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 168.72, a PEG ratio of 1.74 and a beta of 1.41. The company has a quick ratio of 1.14, a current ratio of 1.85 and a debt-to-equity ratio of 1.13. The business has a fifty day simple moving average of $58.94 and a 200-day simple moving average of $79.21. Builders FirstSource, Inc. has a 52 week low of $49.67 and a 52 week high of $131.50.

Builders FirstSource (NYSE:BLDR) last issued its earnings results on Thursday, October 29th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.45. Builders FirstSource had a return on equity of 10.77% and a net margin of 0.28%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.75 billion. During the same period last year, the company posted $1.88 EPS. The business’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities research analysts expect that Builders FirstSource, Inc. will post 3.68 EPS for the current year.

Builders FirstSource Profile